Bruker Corporation (BRKR)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	1,513,300	1,305,700	1,209,600	939,800	995,300
Revenue	US$ in thousands	2,964,500	2,530,700	2,417,900	1,987,500	2,072,600
Gross profit margin		51.05%	51.59%	50.03%	47.29%	48.02%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,513,300K ÷ $2,964,500K
= 51.05%

Bruker Corp's gross profit margin has exhibited a fluctuating trend over the past five years. The margin stood at 51.05% at the end of 2023, a slight decrease from the prior year's 51.59%. Despite the decline, the current gross profit margin remains relatively high compared to previous years, indicating a strong ability to generate profit from sales after accounting for production costs. The 2023 margin of 51.05% exceeds the levels seen in 2021 and 2020, reflecting improved efficiency in cost management. However, it falls short of the peak gross profit margin of 51.59% in 2022. Overall, Bruker Corp's gross profit margin demonstrates a generally positive performance in recent years, with potential room for further improvement to enhance overall profitability.